Lazarus: North Korean hacker group trades crypto loot

• The North Korean hacker group Lazarus is becoming a crypto trader. As Chinese blockchain analyst EmberCN writes on the X platform, the hackers sold 9,631 ETH at an average price of $4,562 for 43.937 million DAI a week ago.
• They then bought the dip: “In the last hour, the Lazarus group used $8.64 million of DAI to buy back 2,109.5 ETH for $4,096.”
• The traded Ether originates from the Radiant Capital hack of January 2024. The hackers attacked the Arbitrum protocol and stole $50 million in cryptocurrencies.
• Both the price increases and the hackers' clever trading strategy bring the value of the stolen coins to 14,436 ETH and 35.29 million DAI, worth $94.63 million.
• Lazarus is the most well-known hacker group from North Korea, notorious for its devastating cyberattacks, including on the crypto industry. The funds are allegedly channeled into dictator Kim Jong-un's nuclear weapons program.

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Sources

• Post by Chinese blockchain analyst
• Article on Protos

Eine Quelle: btc-echo.de